Bill Ackman on the Psychology of Successful Investing
Bill Ackman describes the psychological profile of a successful investor
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...funny guy...millions on his account...@1.26 telling Joe Average he should have a stomack when stocks are plummeting.....guys 2 solutions: #1. work with a trailing stop (5% best) #2. Buy put options on your 3 biggest stops - with a duration of 6 month (because the daily time value loss is minor) #3. Do the same with ETF or stock funds. Good luck and God shave the Queen. XD
You don't need to be from Ivy League to be a hedge fund manager. Here's how to get started: start investing with your own money while you are still in college, get at least 4 years of track record of 20%-40% return. Then with your 4-year track record, get clients such as friends and family to join your fund. After 2 years if you still have a consistent 20%-40% return then you will have no problem attracting even more private investors to join your fund.
Network like crazy and get your CFA. Consider a CAIA as well but a CFA is more important. Get into a school known for finance. Harvard is one of them (like the other guy said) and if you can go there but there are other great programs that are also deep on the Street (Wharton, Columbia, NYU, Stanford, Chicago, etc)
You can find it on the website, FloatingUniversity
hot hot hot
Get into Harvard, and then get into HBS.
I am currently a Finance student at a community college in NJ. What type of advice can you give to me if I am looking towards a career in Hedge Funds, Private Equity, Investment Banking, etc.
Thank You.